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Life Insurance Corporation of India Sales salaries in India

Annual salary range
0 - 19 years exp.
₹1 Lakh - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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37% less than the average Sales Salary in Insurance Companies for 0 - 19 years of experience

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Last Updated: 18 Apr 2024

Companies similar to Life Insurance Corporation of India for Sales

Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Sales Salary

0 - 5 years exp. (25 salaries)

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₹2 L/yr - ₹4 L/yr

arrow icon 37% more
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HDFC Life Sales Salary

0 - 6 years exp. (22 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 36% more
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Reliance Nippon Life Insurance Sales Salary

0 - 16 years exp. (18 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 20% more
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₹1.2 L/yr - ₹5.5 L/yr

arrow icon 9% more
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Axis Max Life Insurance Sales Salary

0 - 7 years exp. (13 salaries)

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₹1.3 L/yr - ₹4 L/yr

arrow icon 25% more
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Kotak Mahindara Life Insurance Sales Salary

0 - 8 years exp. (10 salaries)

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₹1 L/yr - ₹7.6 L/yr

arrow icon 54% more
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Star Health & Allied Insurance Sales Salary

0 - 8 years exp. (10 salaries)

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₹1.5 L/yr - ₹3 L/yr

arrow icon 6% more
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Bajaj Allianz Life Insurance Sales Salary

0 - 8 years exp. (8 salaries)

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₹2.3 L/yr - ₹4.5 L/yr

arrow icon 84% more
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HDFC Ergo General Insurance Sales Salary

0 - 3 years exp. (6 salaries)

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₹2.1 L/yr - ₹3.6 L/yr

arrow icon 28% more
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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 32% more
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Bajaj Allianz General Insurance Sales Salary

1 - 15 years exp. (4 salaries)

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₹3.8 L/yr - ₹4.2 L/yr

arrow icon 64% more
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₹3 L/yr - ₹3.9 L/yr

arrow icon 37% more
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SBI Life Insurance Company Sales Salary

1 - 8 years exp. (4 salaries)

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₹1.2 L/yr - ₹5.1 L/yr

arrow icon 41% more
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Shriram Life Insurance Sales Salary

0 - 16 years exp. (3 salaries)

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₹1.2 L/yr - ₹4.6 L/yr

arrow icon 27% more
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Aditya Birla Sun Life Insurance Sales Salary

0 - 2 years exp. (3 salaries)

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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 32% more
Sales salary at Life Insurance Corporation of India ranges between ₹1 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 19 years. Salary estimates are based on 5 latest salaries received from various employees of Life Insurance Corporation of India.

Latest annual salaries shared by Life Insurance Corporation of India Sales

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9 years exp.
1y ago
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5 years exp.
2y ago
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19 years exp.
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18 years exp.

Experience wise Life Insurance Corporation of India Sales salaries

Last Updated: 18 Apr 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.1 L/yr - ₹5 L/yr
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
3 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3 L/yr
View all

Similar Designation salaries in Life Insurance Corporation of India

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₹1.8 L/yr - ₹7 L/yr
Branch Manager Salary
(15 salaries)
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₹9.65 L/yr - ₹31 L/yr
Sales Manager Salary
(12 salaries)
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₹3.6 L/yr - ₹6.5 L/yr
Sales Officer Salary
(11 salaries)
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₹1 L/yr - ₹5 L/yr
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₹8 L/yr - ₹10.83 L/yr
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₹3 L/yr - ₹9.9 L/yr
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₹2.1 L/yr - ₹6 L/yr
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₹4 L/yr - ₹11.5 L/yr
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₹2.15 L/yr - ₹5 L/yr
Salesman Salary
(5 salaries)
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₹1.5 L/yr - ₹3 L/yr

Top skills at Life Insurance Corporation of India for Sales

Target Achievement Communication Skills Strategy Pressure Handling Sales

Salary related reviews for Life Insurance Corporation of India

4.2

Rated by 5 employees for salary & benefits

5.0
  •  posted on 25 Jul 2018

3.0
 for  Salary and Benefits

Likes

Very Hard subject with Smart work (it’s not for all......!) It’s an open market but not for all who knows the pulse of market and customer portfolio they can sustain under this umbrella, other wise it’s an ocian for them they cont reach there’s destination part It’s an easy subject but but very toughf ! Who don’t know basic things

read more
  • Skill development - Excellent
  • +5 more

Dislikes

Salary is the main part of every one career but in this domain very low salaries and long working hours

read more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 19 Jul 2024

5.0
 for  Salary and Benefits

Likes

Good bonus Good incentives Respect given by whole team of LIC Good guidance and counselling and training sessions at LIC office

read more
  • Salary - Excellent
  • +3 more

Dislikes

There is a heavy workload of getting policies and sales which is very tough to get popicies on dailg basis to achieve target.

read more
  • Skill development - Poor
  • +2 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 21 Sep 2023

3.0
 for  Salary and Benefits

Likes

Job Performing Flexibility.

  • Job security - Excellent
  • +3 more

Dislikes

...e Teams. 2. Other benefits, which are not upto the standards or satisfaction. 3. No Festival bonuses/ annual bonuses. 4. No Family bonus 5. No clarity about Pension

read more
  • Promotions - Poor

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 20 Feb 2023

3.0
 for  Salary and Benefits

Likes

Good company in terms of the pay and benefits, but at a heavy price.

Dislikes

All the rules and restrictions/punishment are imposed only on class 2 officers of the organisation. Targets are imposed only on development officers.

read more
  • Skill development - Poor
  • +5 more

Full Time

 · 

Construction & Site Engineering Department

5.0
  •  posted on 24 Apr 2022

5.0
 for  Salary and Benefits

Likes

...us, we need to complete basic target - can be achieved easily to retain licence. We as agents, upon reaching membership target's, we receive bonus, advances & other benefits.

read more
  • Salary - Excellent
  • +6 more

Dislikes

In this competitive industry, we need to implement new combination policies like pvt companies, which gives multiple benefit options to choose for customer & we need to upgrade in digital marketing/Easy ways to receive customer feedback, requests, their suggestions etc. We need to cut off those lengthy process in different sections.

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Life Insurance Corporation of India Sales Salary FAQs

What is the salary of Sales at Life Insurance Corporation of India ?
The average salary of a Sales at Life Insurance Corporation of India in India typically ranges from ₹1.0 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 19 years).

The top 10% of Sales at Life Insurance Corporation of India earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Sales Salaries at Life Insurance Corporation of India can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 5 Life Insurance Corporation of India employees in India.
What is the estimated take home salary of a Sales at Life Insurance Corporation of India in India?
The estimated take-home salary of a Sales at Life Insurance Corporation of India in India typically ranges from ₹16,069 to ₹17,729 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 19 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of Life Insurance Corporation of India. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Sales at Life Insurance Corporation of India ?
To be a Sales at Life Insurance Corporation of India in india, the key skills required include:

  • - Target Achievement
  • - Communication Skills
  • - Strategy
  • - Pressure Handling
  • - Sales

These skills are highly valued at Life Insurance Corporation of India and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Life Insurance Corporation of India for Sales in India?
Bajaj Allianz Life Insurance ₹2.3 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz General Insurance ₹3.8 Lakhs to ₹4.2 Lakhs per year
Kotak Mahindara Life Insurance ₹1.0 Lakhs to ₹7.6 Lakhs per year
SBI Life Insurance Company ₹1.2 Lakhs to ₹5.1 Lakhs per year
ICICI Prudential Life Insurance ₹2.0 Lakhs to ₹4.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Life Insurance Corporation of India, depending on the role and experience level.
What is the salary of a Sales in companies similar to Life Insurance Corporation of India in India?
The salary of a Sales at companies similar to Life Insurance Corporation of India in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Health Insurance Co ₹3.0 Lakhs to ₹3.9 Lakhs per year
HDFC Life ₹2.0 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance ₹2.5 Lakhs to ₹3.5 Lakhs per year
Cholamandalam MS General Insurance ₹2.5 Lakhs to ₹3.5 Lakhs per year
HDFC Ergo General Insurance ₹2.1 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Sales at Life Insurance Corporation of India in India?
The salary growth for a Sales at Life Insurance Corporation of India depends on factors such as experience, performance, and promotions. On average, a Sales can expect the following growth trajectory at Life Insurance Corporation of India:

Experience Average Salary Range
Fresher ₹1.1 Lakhs to ₹5.0 Lakhs per year
1 year ₹2.5 Lakhs to ₹3.2 Lakhs per year
2 years ₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years ₹2.4 Lakhs to ₹3.1 Lakhs per year
and so on.

Tell us how to improve this page.

Life Insurance Corporation of India Sales salary in India ranges between ₹1 Lakh to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Life Insurance Corporation of India latest salaries received from various employees of Life Insurance Corporation of India.